# ATLANTIC COAST BANK
JACKSONVILLE, FL · FDIC certificate 45826 · asset band $300M-1B · latest filing 2018-03 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 4 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $929.7M | |
| Deposits | $643.0M | |
| Loans and leases | $801.1M | |
| Total equity | $91.4M | |
| Loans / deposits | 123.25% (p99 of band) | 84.92% |
| Liquid assets / assets | 9.29% (p5 of band) | |
| Uninsured deposits / deposits | 15.61% (p27 of band) | 21.35% |
| Brokered deposits | 6.60% | |
| Wholesale funding | 27.30% (p96 of band) | |
| FHLB advances / assets | 20.69% | |
| Tier 1 leverage | 9.91% (p40 of band) | 10.35% |
| Unrealized securities loss / equity | -1.44% (p64 of band) | -2.32% |
| AOCI / equity | -0.32% (p80 of band) | |
| ROA (annualized) | 0.67% (p20 of band) | 1.05% |
| Net interest margin | 3.17% (p17 of band) | 3.67% |
| Efficiency ratio | 72.38% (p68 of band) | |
| Noncurrent loans | 1.02% (p73 of band) | 0.55% |
| Net charge-offs (annualized) | 0.07% (p80 of band) | |
| Reserve coverage of noncurrent | 104.97% | |
| Real estate % of loans | 87% | |
| Construction % of loans | 48.41% (p57 of band) | |
| Auto loans | $4.2M (0.53% of loans; DQ 2.28%, NCO 0.00%) | |
| Loans to nondepository financials | $29.1M (32% of equity) (p99 of band) | |
| Deposits YoY | -6.6% | |
| Employees | 163 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **wholesale funding >15%** (`liq_wholesale`)
- **liquid assets <10%** (`liq_thin`)
- **deposits shrinking** (`shrink_deposits`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 7 | loans exceed deposits, wholesale funding >15%, leverage <7%, losing money, expense ratio p90, charge-offs p90, reserve under noncurrent |  |
| 2011-06 | 7 |  |  |
| 2011-09 | 7 |  |  |
| 2011-12 | 8 | capital falling |  |
| 2012-03 | 9 | noncurrent p90, uninsured deposits leaving | expense ratio p90 |
| 2012-06 | 7 |  | noncurrent p90, uninsured deposits leaving |
| 2012-09 | 8 | uninsured deposits leaving |  |
| 2012-12 | 7 | loans-to-lenders >50% equity | loans exceed deposits, capital falling |
| 2013-03 | 8 | expense ratio p90, NIM <2.5% | uninsured deposits leaving |
| 2013-06 | 12 | leverage <5%, capital falling, uninsured deposits leaving |  |
| 2013-09 | 12 | deposits shrinking, assets shrinking | capital falling, uninsured deposits leaving |
| 2013-12 | 6 |  | leverage <7%, reserve under noncurrent, loans-to-lenders >50% equity, leverage <5%, assets shrinking |
| 2014-03 | 4 | assets shrinking | losing money, charge-offs p90, expense ratio p90 |
| 2014-06 | 3 | expense ratio p90 | NIM <2.5%, assets shrinking |
| 2014-09 | 4 | loans exceed deposits |  |
| 2014-12 | 3 |  | deposits shrinking |
| 2015-03 | 4 | loans-to-lenders >50% equity |  |
| 2015-06 | 4 |  |  |
| 2015-09 | 5 | capital falling |  |
| 2015-12 | 5 |  |  |
| 2016-03 | 4 |  | expense ratio p90 |
| 2016-06 | 4 |  |  |
| 2016-09 | 5 | reserve under noncurrent, construction >100% equity | capital falling |
| 2016-12 | 4 |  | construction >100% equity |
| 2017-03 | 5 | brokered >10% |  |
| 2017-06 | 5 | liquid assets <10% | brokered >10% |
| 2017-09 | 5 | capital falling | loans-to-lenders >50% equity |
| 2017-12 | 5 | loans-to-lenders >50% equity | reserve under noncurrent |
| 2018-03 | 4 | deposits shrinking | capital falling, loans-to-lenders >50% equity |

## In the news (Google News, unfiltered, newest first; check the city)

- 2018-06-07 [Acquisition of Atlantic Coast Bank by Ameris Bancorp signals end of an era for city - Jacksonville Daily Record](https://news.google.com/rss/articles/CBMizAFBVV95cUxQckRzaExtSGhzU19ncnNuc0dzMEoxeTAtRVVKNGwwSVNnRVgyYVc3VjFKWEtxRzlBS2VVVjI4ME90eVRCb09icFg1OTF6QjVmcjk5bDBqd0NBcnREZFlLUHFEZTR1bmRIOFAxb0xobTlaSTZHMm1DbFBVeUI3V0hRTGUxeXM2MDlITzNqd0dZSENaQjJpOHRnTk9yUXZwU1lxQW9MekYwbE95LUh4TTAzUllRVU8tck94V0RFUVRnbnhtQVpjMVluaUhVbEE?oc=5) · Jacksonville Daily Record
- 2018-05-29 [Ameris Bank Completes Its Acquisition Of Atlantic Coast Bank - WJCT News 89.9](https://news.google.com/rss/articles/CBMiqAFBVV95cUxQZm51S3BRaEZfNWZXVTlkSEI2b2lKZjVvQVFKbTRTUVlQU2x6Yl9ORVJtUFJHUElBZk5DdFNMMURVY2w3SzFzTHU3Sm5SamxZQ3BRUkZmVHNNZ19odDMtaWZPSEl4U3BiNVhkVUV2MzE5OVVOSERmS1JpckhITjFPQ2VSSkZQMUlvUkpMVmkzckVlRWxUQU9PXzhUUmlZc05BZzZ3NFRNUUE?oc=5) · WJCT News 89.9
- 2017-11-17 [The strategy behind the Atlantic Coast Bank acquisition - The Business Journals](https://news.google.com/rss/articles/CBMiqAFBVV95cUxNYjdvSHM0ZlZOT3JvdUZCOTNSWEFsTHQwSHdocUFGLWQxVXZFcnRwSzB6aXN1ZVZsOHBUNDdtR3lDaEZJNERkdld0Ym1lck5GQmM2NGxoV1poOHE1MlNCTXZsSU85VDNWTk40UW0xWVpXWlpaMlJpWTE2c3Vtb0pDTFdUMFpyMXU2UzBOcGJQYXM0cFNLU2lsNmpqc3AyQW9CcnFVZjVSMjE?oc=5) · The Business Journals
- 2018-05-29 [Ameris Bancorp Completes Acquisition of Atlantic Coast Financial Corporation - PR Newswire](https://news.google.com/rss/articles/CBMizAFBVV95cUxNSUxEeml4M3NJVE9JNlhFUFZvMUVrd2QteVJqS1VsMjlLdXBiZzRsdG50Z2xyaV9ra0tEX1B1cWxMQnJKWTQxaFp5TDQ3Z1E1cGVBYUlRRWpsOUVaTUM4RTVDWEt6b1VMNkxWN0ZHUGpBN0dhRXItOVF6VWtDaS1VUFBhNkpEeHhMN0g2QzEzaFlDZTR5aWN2NXZzcjlSdTRLWVZhaWNpUm9VRVI1SHdFUW1IaWVBR3dEalladWtQV3R1WUIwck5GZW5iTlI?oc=5) · PR Newswire
- 2021-11-30 [Jacksonville Beach bank robber sought - The Florida Times-Union](https://news.google.com/rss/articles/CBMiqwFBVV95cUxQbDZnUEo0QzBEN2gzT2QtTllkNGZzMHlTTU45NWVUSTE3SEpmT2xIcExqbW8tX3BMNlg4VTV1QlBKaVprZDF4azhDd0RuOEZheWhsMDVBcG9tQ0ZfTEJZRGFkbTQ2Um5tOVg1bmQ4MGpNRUhudldTYmlZMkJKZnMzVHY0MFRTWGRMQ2hmSUVvb3gwbHVsNWRFYllvX3hFQm5KWDJNYnBsUWUwZVU?oc=5) · The Florida Times-Union
- 2018-05-30 [Ameris Bank finishes Atlantic Coast Bank acquisition - The Business Journals](https://news.google.com/rss/articles/CBMipAFBVV95cUxNMzVqcHpWNU5WcGZ0enVwYWxpWnh1eW16b2s3MUZubW9kcHhWaXhaYlZtQjFPbmVZMDFCSkpMTEpLM1dxM1IwLXRRYkd1cmNfUXdEOWk4R3ItYktvSF8yNi15dEhLVXFXUjRQQmpZeEFlZ2MtZjl3MGotdWRZZXRNMDd4bjNWejlSQWYtc3dUeHB5bDUxY3pmQ054TkFKRHBaTGxUaQ?oc=5) · The Business Journals
- 2013-06-21 [Frankland resigning from Atlantic Coast Financial - Jacksonville Daily Record](https://news.google.com/rss/articles/CBMimAFBVV95cUxOdzhPSlN3bGw1ZGZJdUk3QmxmYy1aai1CS3YzYVNJNnRHWmloc3ltRDAwRFBvRGxxS0ZMWk9Bd25hcGVRb2trV1pCWndSeTJPb2tsa1p2OEI1VUFlbGs2N0Y0V0p3RThGbWEzOTNOczJpTEE3SDd0R3RpS252WFhvbTBLWXR0bDBuY3FiNUxXOWIyVlNrdGxrMw?oc=5) · Jacksonville Daily Record
- 2019-07-25 [Stacy Gambrell Obituary - Jacksonville, FL - Dignity Memorial](https://news.google.com/rss/articles/CBMiiAFBVV95cUxNOWJqcGlSeFRWSktROHVFQjZRbWdhM3dqQUktZHZVRGJZVi1Oc3RQSGlfTGk2WElJcEZXeUgxdjlTTVFMYUlOdXAwN2U5X2QyUENpNGpkWWVzODctUDNBY2M2Mk1la25aZm5sekZzeDUtcU9wMFVlc2tDMjRfYzFZOGIyb2dxbVVs?oc=5) · Dignity Memorial

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=45826 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/2.json (key "45826", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide